3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be strongly undervalued. ###PLOTLYGRAPH### The red lines in this …
Read ArticlePredicted price range for Broadcom Ltd
Our trading algorithm values Broadcom Ltd (AVGO) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $427.1 |
| 60 Day Prediction | $444.83 |
| 60 Day Pred - Lower Bound | $418.33 |
| 60 Day Pred - Upper Bound | $471.35 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.802 * nr_days_in_the_future + 420.758
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
AVGO traded at $427.1 this Monday October 17th, loosing $-3.66 or -0.86 percent since last week.
Looking back, over the last month, AVGO has been loosing $-55.04 or -12.89 percent.
Over the last year, it has been loosing $-87.05 or -20.38 percent.
Seasonality of Broadcom Ltd
Using our AI model, we have been analyzing the value change for Broadcom Ltd depending on the day or month of a year. This can be seen in the following graph:
